BTIG Impressed by Oracle's (ORCL) Q4 Results, Outlook; Affirms at 'Buy'
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Q4 FY16 SaaS and PaaS Revenues Were Up 66%, and Up 68% in Constant Currency
June 16, 2016 4:00 PM EDTREDWOOD SHORES, CA -- (Marketwired) -- 06/16/16 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2016 Q4 results. Total Q4 Revenues were $10.6 billion, down 1% in U.S. dollars and flat in constant currency. Cloud plus On-Premise Software Revenues were $8.4 billion, flat in U.S. dollars and up 2% in constant currency. Cloud software as a service (SaaS) and platform as a service (PaaS) revenues were $690 million, up 66% in U.S. dollars and up 68% in constant currency. Total Cloud revenues, including infrastructure as a service (IaaS), were $859 million, up 49% in U.S. dollars and up 51% in constant currency.... More
